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E-Invoicing is About Quality at the Source

e-invoicing

I recently revisited a paper I wrote a number of years ago, E-Invoicing Comes of Age - Discovering What's Possible From the Latest Electronic Invoicing / Invoice Automation Capabilities, that covers a number of purchase-to-pay (P2P) fundamentals, including what to prioritize when putting an electronic invoicing program in place. Few of the arguments I make in it are any less relevant today than they were 5 years ago. One of the ideas in the discussion is the importance of addressing quality at the source when it comes to e-invoicing – and putting as much back on the supplier as possible, as well as having an e-invoicing program or supplier network do the heavy lifting with pre-validations before information is directly matched against or integrated with ERP or e-procurement systems.

5 Reasons Why Banks Will Win the Trade Financing and P2P Game – Someday!

Banks have a massive opportunity in delivering purchase-to-pay (P2P) and tech-enabled trade financing solutions to clients. Some are already taking the plunge. Many others remained mired in a credit-only world. Yet they all have a tremendous amount to lose if they don’t get these programs right in the coming years, as alternative lending and treasury service models take flight – and as technology providers, consultancies and outsourcing firms become more strategically positioned to influence CFOs and treasurers generally, potentially marginalizing banking relationships. But in our experience, most banks have not yet started to ask the right questions to understand both the risk and opportunities posed by tech-enabled e-invoicing, P2P, approved trade payables financing (supply chain finance), reverse factoring, invoice discounting, broader card (not just corporate card), payment and other offerings, among others.